Stanford Investors Go To Bat For $300M SEC, Antiguan Deal

Law360, New York (March 29, 2013, 2:06 PM EDT) -- Counsel for plaintiffs suing Proskauer Rose LLP and Chadbourne & Parke LLP in class actions over the firms' alleged role in the Stanford Ponzi scheme asked a Texas federal court Thursday to approve a $300 million deal between the U.S. and Antiguan receivers in charge of compensating victims of the fraud.

Strasburger & Price LLP, which represents about 2,300 individual claimant victims who lost about $570 million in the scheme said the approximately $300 million deal, reached earlier this month by the U.S. Securities and Exchange...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.